2020 Financial Report

In terms of commercial performance, the Bank closed the year under review with deposits up 14.1% and receivables up 1.3%, with DJF 89,730 million in deposits and DJF 32,163 million in receivables. The number of accounts decreased by 0.64% to 40,136 as at December 31, 2020 from 40,398 in December 2019. The network now has 10 Agencies and 1 Business Centre, with more than 200 employees.

With respect to the Institution’s structure, the balance sheet total grew by 19.1%, with an increase in equity of 17.1%, mainly due to 2019 undistributed dividends. The amount of doubtful and disputed claims (CDL) amounted to 2.5%, or DJF 3,352 million in December 2020. Finally, the cost of risk was -0.2% at 31 December 2020.

There was an increase in RWA (Risk Weighted Asset) between 2019 and 2020. The solvency ratio thus complies with the regulatory standard of the Central Bank of Djibouti (12% in December 2020) increasing to 16.4%.

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